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47.0¢ metals x limited

Nifty Sale, page-12

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Cashmeoutside

3,094 Posts.

1915

14/09/20

12:32

Post #: 47320187
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Originally posted by arsenic ↑

I'm not.

Mineral property feasibility studies- RL Bullock - SME Mining Handbook,, 2011
http://cdn.ceo.ca.s3.amazonaws.com/1b44g08-018.pdf

'Then, using good engineering judgment, experience, and cost on similar projects, the accuracy of the scoping study feasibility may be in the ±45% range. Other authors claim that an accuracy of 30% is achievable for a conceptual/scoping study (White 1997). However, this accuracy will likely not be achieved unless the project is being developed in an old district where a mine or plant has recently been built and the new installation is similar to the existing one. The 30% accuracy will only be attained after 10% to 12% of the engineering has been completed." I think you'd better add the other 20%.

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You’re welcome to run your own numbers.

Sounds like you’re saying theyve undercooked costs by 25% and therefore no one should touch it and MLX will be left with C&M for eternity in which case you should sell your shares.

Im saying the project is viable and spot price and has huge leverage to copper price but someone buying it is punting on Cu price.

Last edited by Cashmeoutside: 14/09/20

MLX Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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Last 47.0¢		Change -0.010(2.08%)		Mkt cap ! $421.4M

Open	High	Low	Value	Volume
48.0¢	49.3¢	46.5¢	$1.229M	2.586M

Buyers (Bids)

No.	Vol.	Price($)
4	84330	46.5¢

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Price($)	Vol.	No.
47.5¢	375	1

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No.	Vol.	Price($)
4	84330	0.465
4	81580	0.460
2	60000	0.455
10	239170	0.450
2	25150	0.445

Price($)	Vol.	No.
0.475	375	1
0.480	83277	4
0.485	32800	4
0.490	100000	1
0.500	150000	3

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